Welcome to Phoenix Asset Management S.p.A.
Phoenix Asset Management (“PAM”) is an Italian 115 registered Special Servicer and Asset Manager, predominantly focused on the management of secured and unsecured non-performing loan (NPL) as well as UTP portfolios. PAM is a workout specialist, focused on complex legal and extrajudicial resolution strategies across problematic portfolios. The Company is providing pre and post-acquisition support to local and International investors purchasing Italian loan portfolios, as well as certain ancillary functions including in-house legal support, Auction Facilitation & Reoco management, single name DPO negotiations, sourcing and new purchases, and specific real-estate linked project financing and debt restructuring transactions.
PAM Assets under Management
PAM currently has €9.5bln of GBV under management (across 11 different portfolios). Circa €8.5bln is managed internally and €1bln under master servicing/oversight role of third party external Servicers; PAM has also conducted diligence for NPL acquisitions in excess of €10bln of GBV.
PAM ready for 2018
2018 objective to deliver sophisticated and structured workout solutions for problematic portfolios (NPLs and UTPs) on behalf of mid-tier banks in need of a specialist partner. Tailored solutions may be based on analysis, management, deleveraging and restructuring of problematic assets on balance sheet, coupled to fresh capital or long-term partnerships where required.
In the context of a continuing ECB spotlight on Italian banks, coupled with progressive legislative and accounting reforms, we believe that banks and investors require a specialist workout proposition tailored to a diverse set of NPL and UTP portfolios. We recognize that solutions may be heterogenous – involving analysis, management, cure, deleveraging, or even additional capital to fuel restructuring plans or complex RE initiatives – in order to unlock the embedded value in the portfolios and, where appropriate in the underlying collateral. (Steve Lennon, Founder & CIO)
Phoenix Asset Management SpA is proud to announce its sponsorship of SmithNovak’s NPL Italy Summit taking place on the 19th and 20th June 2019 in Milan. To learn more about the challenges the market will face in 2019, join the third edition of this regional event attracting 180+ delegates from the key companies operating in…Read more